Coins.ph, the Philippines’ largest crypto exchange and one of the country’s fastest-growing digital wallet platforms, has announced a groundbreaking partnership with global remittance provider BCRemit to transform how overseas Filipinos send money home.
Starting November 1, 2025, Filipinos based in the United Kingdom, European Union, the United States, and Canada will be able to remit money to the Philippines instantly and at a fraction of the cost, thanks to a stablecoin-powered payment corridor developed by Coins.ph and BCRemit.
For years, overseas Filipinos have faced high remittance fees—often between 5% to 10%—and slow processing times that can take several days. This new partnership is set to change that, offering real-time transfers with up to 80% savings compared to traditional bank remittances.
How It Works: Faster, Cheaper, Smarter
Through BCRemit’s web platform or app, senders can easily initiate a transfer in their local currency (€, £, or $). The system instantly converts the amount into a stablecoin such as USDC or USDT—digital currencies designed to maintain a stable value.
These stablecoins are then transmitted within seconds across a secure blockchain network. Upon arrival in the Philippines, Coins.ph immediately converts the funds back into Philippine Pesos (PHP) and deposits them into the recipient’s Coins.ph account, ready for withdrawal to any bank or e-wallet.
The result? Money received within minutes—not days. By cutting out multiple banking intermediaries, families in the Philippines receive more from every remittance with total transparency and lower costs.
Next Frontier: QR-Powered Global Payments
By 2026, Coins.ph and BCRemit plan to introduce a QR-Payment Collection feature that will allow users in the Philippines to make outbound payments back to the UK, Europe, the US, and Canada—creating a two-way financial bridge powered by blockchain innovation.
Trust, Security, and Compliance
Both companies operate under strict regulatory oversight from the Bangko Sentral ng Pilipinas (BSP). Coins.ph is licensed as both a Virtual Currency Exchange (VCE) and an Electronic Money Issuer (EMI), while BCRemit holds a Money Service Business license, ensuring that all transactions meet the highest standards of safety and compliance.
“This collaboration with BCRemit completely aligns with our mission to make innovative digital finance accessible to every Filipino,” said Wei Zhou, CEO of Coins.ph. “By integrating stablecoin technology into remittances, we’re unlocking near real-time, low-cost transfers that deliver more value, transparency, and financial freedom for Filipino families.”
“Millions of Filipinos across the UK, Europe, the US, and Canada deserve a remittance solution that matches the speed and efficiency of today’s digital economy,” added Oliver Calma, Founder and CEO of BCRemit. “Our partnership with Coins.ph brings that vision to life—empowering over five million Filipinos abroad to send money faster, safer, and smarter.”
Calma also noted the upcoming QR-Payment feature as a “game-changer” for outbound payments, saying, “We’re building a true financial bridge that keeps more hard-earned money where it belongs—with Filipino families.”
Send Smarter. Send Faster. Send with Coins.ph and BCRemit.
To start sending remittances powered by stablecoin technology, create your BCRemit account and ensure your Coins.ph app or web account is fully verified.
Experience near-instant, low-cost money transfers—because every peso counts.
Visit www.coins.ph or www.bcremit.com for more details.
